Barb Enterprises uses a normal job order costing system and a predetermined overhead rate based on...
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Barb Enterprises uses a normal job order costing system and a predetermined overhead rate based on machine hours. At the beginning of 2022, Barb estimated the overhead for the year would be $1,430,000 and that production would use 130,000 machine hours. The following information relates to the month of August, when two jobs were worked on: View the information. Read the requirements. Requirement a. If actual overhead in August was $36,000, what was overhead allocated? Begin by selecting the formula and entering the amounts to determine the predetermined overhead rate. (Abbreviation used: MH = Machine hour) + = Predetermined overhead rate per MH Now select the formula and enter the amounts to determine the amount of overhead allocated. x x = Allocated overhead = Requirement b. Assume Job 125 was completed. What was the cost of Job 125? Select the labels and enter the amounts to calculate the cost of Job 125. The cost of Job 125 Requirement c. If Job 126 was both finished and sold, what was the cost of Job 126 that was transferred to cost of goods sold? Select the labels and enter the amounts to calculate the cost of Job 126. The cost of Job 126 Information Work in process, August 1 Direct materials cost Job 125 $13,000 $ 17,000 Job 126 $ 18,000 $ 22,000 Direct labor costs $ 28,000 $ 32,000 Direct labor hours Machine hours 1,900 2,700 1,000 1,700 Print Done Barb Enterprises uses a normal job order costing system and a predetermined overhead rate based on machine hours. At the beginning of 2022, Barb estimated the overhead for the year would be $1,430,000 and that production would use 130,000 machine hours. The following information relates to the month of August, when two jobs were worked on: View the information. Read the requirements. Requirement a. If actual overhead in August was $36,000, what was overhead allocated? Begin by selecting the formula and entering the amounts to determine the predetermined overhead rate. (Abbreviation used: MH = Machine hour) + = Predetermined overhead rate per MH Now select the formula and enter the amounts to determine the amount of overhead allocated. x x = Allocated overhead = Requirement b. Assume Job 125 was completed. What was the cost of Job 125? Select the labels and enter the amounts to calculate the cost of Job 125. The cost of Job 125 Requirement c. If Job 126 was both finished and sold, what was the cost of Job 126 that was transferred to cost of goods sold? Select the labels and enter the amounts to calculate the cost of Job 126. The cost of Job 126 Information Work in process, August 1 Direct materials cost Job 125 $13,000 $ 17,000 Job 126 $ 18,000 $ 22,000 Direct labor costs $ 28,000 $ 32,000 Direct labor hours Machine hours 1,900 2,700 1,000 1,700 Print Done
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